Date: Thu, Aug 14, 2025 | 12:10 PM GMT
The cryptocurrency market is in full bullish swing as Bitcoin (BTC) surges to a new all-time high of $124,000 today, while Ethereum (ETH) climbs above $4,700 for the first time since 2021, posting an impressive 26% gain over the past week. This wave of bullishness has spilled over into major altcoins including – Avalanche (AVAX).
AVAX has gained 10% over the last seven days, and its latest price structure now reveals a key harmonic setup that suggests further upside could be on the horizon.
Harmonic Pattern Hints at Bullish Continuation
On the daily chart, AVAX is forming a Bearish ABCD harmonic pattern — a formation that, despite its bearish label, often delivers a strong rally during the CD leg before the final target is reached.
The move began with a surge from Point A near $17.68 to Point B, followed by a corrective drop to Point C around $20.64. From there, buyers regained control, driving prices higher to the current $25.15 area, signaling that the CD leg is already in motion.
If the pattern continues to follow the classic ABCD playbook, the CD leg could extend toward the 1.44 Fibonacci projection of the BC leg, targeting the Potential Reversal Zone (PRZ) around $30.30 — representing roughly 20% upside from current levels.
What’s Next for AVAX?
If bullish momentum holds and Bitcoin’s rally continues to lift the broader market, AVAX could make a push toward the $30.30 PRZ. However, this zone will be critical — historically, harmonic patterns often meet heavy resistance there, triggering either consolidation or a short-term pullback.
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